Units. The shares of hp are jumping up over 6 in the premarket. John thwart is joining us this morning. And i said to john, should meg whitman have done this three years ago . I was going to ask either one of you experts, when was the first time that it was positive or suggested that hp should split into a combination of businesses . I think its ten years, isnt it . Well, they actually did turn into a combination of businesses 15 years ago in 1999. Agilent is getting ready to split off, too. But heres there looking around, what do i do . How about splitting the company into two . It seems like old is new, new is old. When she first came to the company, they had positive guys. And he said no. Her predecessor in the ceo seat wanted to sell the pc business off entirely. They couldnt find a buyer at the price that they wanted. Lenovo was rumored to be sniffing around and ended up picking up she said they were staying together definitivety at that point, right . At that point but that was e
Ecb regarding that waver. Jobs number tomorrow. 15 billion deal in pharma pfizer buying hospira in allcash acquisition. Soft outlook for michael kors has the stock reeling. Keurig, l brands and dunkin moving as well. Tomorrow earnings after the bell from twitter. Interview with Dick Costello tomorrow on squawk on the street. Futures on the rise as stocks look to shrug off concerns on greece. Lost on the news ecb greece couldnt use bonds as collateral. Claims raise 11,000 to 278 but the increase less than expected estimate 290. It has been 15 years since weve had two consecutive weeks below 280. Wow. Look, the cross currents here 327 yesterday the market looked like it was going to have not one, not two, but three maybe plus 200 dow days. A beautiful thing, setup great. One headline out of europe and kiboshes the rally. Headlines 330 and 4 30 headlines get better. Down day to up day. Back in that european miasma driving everything crazy. In the end, there will be a deal. But do you . I
Time in two years. Our road map goes like this. The down draft, can it be reversed after the dow suffered the worst day yesterday . A critical u. S. Open and pivotal european close. Costco unveils the allwheel drive and auto pilot. See the new features and reaction. Family dollar missing estimates. And microsoft ceo nadella apologizes on gender and pay. Reactions later on squawk alley. The final day of the week that has seen the dow move more than 200 points. Big duce decline, wednesdays rally, selloff thursday of 335 points. Stocks down 2 in yesterdays session. Oil keeps falling down to 83. 67. Jim, last night you said this is not a dip, its a wholesale ongoing readjustment too difficult to buy into. You want to buy clorox and pepsico. You want to put your money in cvs, make a stand on bristolmeyers. I understand that. If you are in the industrial cohort you are in there with hedge funds. The hedge funds are imploding here. Thats what you are seeing. They are in the wrong stocks. I ha
With all of this Global Selling starting after weaker than expected ism numbers. It was a big drop. It dropped from 56 to just over 51. Massive unexpected decline and that really started things off. At the end of the day, the dow was down sliding 326 points to close below its 200day moving average. Also, the s p 500 losing more than 4 had . And the nasdaq dropped 106 points, to close below the 4,006 level. Where does that leave thus morning . At least at this point, the futures have been bouncing back, but just mildly. Now youre seeing some of the hesitation. At some point, the dow futures up by only 15 points above fair value. S p futures up by just over 2. 25 points and the s p up by 3. 6. Over to scott webb has todays top stories. Many of those stories this morning involve Quarterly Earnings reports. We are watching shares of yum brands, the parent of taco bell, pizza hut and kfc restaurant changes. It reported Fourth Quarter profits 86 above estimates. Sales fell shy, but the compa
Shariaportfolio Inc. bought a new position in shares of Becton, Dickinson and Company (NYSE:BDX – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,891 shares of the medical instruments supplier’s stock, valued at approximately $1,680,000. Becton, Dickinson and Company accounts […]